SINGAPORE, April 15 Sales of private homes by
developers in Singapore plunged 83 percent in March compared to
a year earlier, government data showed on Tuesday.
Data compiled by the Urban Redevelopment Authority showed
developers sold 480 units last month, compared to 2,793 units in
The level of sales was also 35 percent lower than the 739
units sold in February.
A series of measures to cool the property market have
started to mute activity in the housing market in Singapore, and
property prices have fallen for the past two consecutive
quarters after rising 62 percent between the second quarter of
2009 and third quarter of 2013.
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(Reporting by Rachel Armstrong; Editing by Himani Sarkar)